South America Carbon Dioxide Market Share, Size, Trends, Industry Analysis Report, By Sources; By Form (Solid, Liquid, Gas); By Application; By Country; Segment Forecast, 2024 - 2032

South America Carbon Dioxide Market Share, Size, Trends, Industry Analysis Report, By Sources; By Form (Solid, Liquid, Gas); By Application; By Country; Segment Forecast, 2024 - 2032

The South America Carbon Dioxide market size is expected to reach USD 2,454.15 Million by 2032, according to a new study by Polaris Market Research. The report “South America Carbon Dioxide Market Share, Size, Trends, Industry Analysis Report, By Sources; By Form (Solid, Liquid, Gas); By Application; By Country; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The South America carbon dioxide market is poised to experience significant growth driven by the demand for CO2 in South America is driven by several industries and applications. The food and beverage industry represents a significant portion of CO2 demand, where it is used for carbonation of beverages and preservation of food products. For instance, Brazil holds the position as the world's second-largest producer of chicken meat and is the leading global exporter in this sector. Projections anticipate a one percent increase in chicken meat production for 2024, attributed to robust external demand, positive socio-economic indicators, and enhanced production cost efficiency. This increase in the production of meat drives the demand of dry carbon dioxide. The healthcare sector also relies on CO2 for medical applications such as respiratory therapies and cryotherapy.

Furthermore, CO2 is utilized in various industrial processes, including welding and metal fabrication, water treatment, and greenhouse agriculture. In welding, CO2 is used as a shielding gas to prevent oxidation, while in water treatment, it is employed for pH adjustment and alkalinity control. In greenhouse agriculture, CO2 supplementation enhances plant growth and productivity. These methods of CO2 production such as fermentation, combustion, chemical processes and biomass combustion contribute to the carbon cycle in South America, influencing atmospheric concentrations of CO2 and affecting climate patterns and environmental conditions in the region. Efforts to mitigate CO2 emissions and promote sustainable practices are essential for addressing climate change and environmental challenges in South America.

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The shift towards remote work and digitalization accelerated during the pandemic, leading to changes in consumer behavior and energy consumption patterns. While certain industries experienced downturns, others, such as healthcare and e-commerce, witnessed growth, influencing the distribution and consumption of CO2 in the region. The COVID-19 pandemic caused short-term disruptions to the carbon dioxide market in South America, highlighting the interconnectedness of economic activities and environmental factors. As countries navigate recovery efforts and adapt to evolving market conditions, the long-term implications of the pandemic on CO2 emissions and mitigation strategies remain subject to ongoing developments and policy responses.

South America Carbon Dioxide Market Report Highlights

- The hydrogen segment dominated the market owing to its clean and versatile energy carrying capacity, its production processes can indirectly contribute to carbon dioxide emissions.

- The solid segment also known as dry ice dominated the market driven by the growing demand for frozen foods.

- The Brazil has led the South America carbon dioxide market as companies in Brazil expand their CO₂ supply capacity to meet the needs of the country.

- The key market players include Linde Plc, Messer SE & Co. KGaA, Air Products Inc., White Martins, Zephyr Solutions, LLC, Air Liquide, Oxigas Gases, SOL Group, and Praxair, Inc. (Linde plc.), etc.

Polaris Market Research has segmented the South America Carbon Dioxide market report based on sources, form, application and country:

South America Carbon Dioxide, Sources Outlook (Revenue - USD Million, Kilotons, 2019 - 2032)

Hydrogen

Ethyl Alcohol

Ethylene Oxide

Substitute Natural Gas

Other Sources

South America Carbon Dioxide, Form Outlook (Revenue - USD Million, Kilotons, 2019 - 2032)

Solid

Liquid

Gas

South America Carbon Dioxide, Application Outlook (Revenue - USD Million, Kilotons, 2019 - 2032)

Food & Beverages

Oil & Gas

Medical

Rubber

Fire Fighting

Other Applications

South America Carbon Dioxide, Country Outlook (Revenue - USD Million, Kilotons, 2019 - 2032)

Brazil

Argentina

Chile

Colombia

Peru

Rest of South America